Kenichi Sato, Platinum Games President and CEO, announced that the developer studio has partnered up with the Chinese conglomerate - Tencent. The capital secured via the partnership will accelerate Platinum's self-publishing plans.
Platinum Games President and CEO, Kenichi Sato recently made an announcement regarding the developer studio's partnership with Tencent.
The Japanese studio has secured a capital investment from Tencent and Sato said that they will use the newly acquired finances to "strengthen our foundation as a business and expand from game development into exploring self-publishing".
While the details of the investment - the amount included - are still a mystery, Sato stated that "This partnership has no effect on the independence of our company, and we will continue operations under our current corporate structure."
According to the announcement, there will be no change in ownership which somewhat differs from Tencent's usual business dealings. Tencent - a Chinese conglomerate - has grown to become a veritable giant in the games industry by acquiring and investing in a slew of well-known names.
The companies Tencent claims whole or partial ownership over include:
- Activision Blizzard
- Epic Games
- Riot Games
- Glu Mobile
- Grinding Gear Games
- Paradox Interactive
The Platinum Games studio was founded back in 2007 and they have developed many eye-catching titles including the Bayonetta series, Vanquish and Nier: Automata. Ever since Microsoft , Platinum Games has been taking more control of its properties and they are seemingly still on that track.
"We would like to announce we have received a capital investment from Tencent Holdings Limited as a basis for partnership. This partnership has no effect on the independence of our company, and we will continue operations under our current corporate structure.
We hope to use this capital to strengthen our foundation as a business and expand from game development into exploring self-publishing. We also hope that this partnership can give us a wider global perspective, while still creating high-quality games that stay true to our name.
Thank you as always for your continued support. Please look forward to what we have in store."